Central Banking
Carney discusses handling of global debt crises
Testifying before the House of Commons Standing Committee on Finance, Carney discusses the handling of debt crises in both the US and the eurozone
RBI advisory committee split over rate hike
Minutes of Reserve Bank of India’s Technical Advisory Committee shows divisions over central bank’s decision to raise interest rates
Barbados moves back into the black
Central Bank of Barbados reports $1.5 million profit for 2010 due to a higher return on securities sales and cost reductions
Vote now: Should Greece leave the euro?
CentralBanking.com is running a poll to gauge readers' thoughts on the breakdown of the eurozone
Ireland’s Honohan on risks of increased globalisation
Central Bank of Ireland governor Patrick Honohan says greater globalisation boosted Ireland’s economy but also left it open to debt vulnerabilities
Assistance needed to retrain unemployed: NY Fed’s Dudley
New York Federal Reserve president William Dudley says New Jersey and the US as a whole need assistance to reduce structural unemployment
Risks to Korean banking sector have declined: IMF paper
Fund study says Korean banks face less financial and contagion risk since the financial crisis
Outlook rosier towards the East: ECB paper
European Central Bank study says macroeconomic fluctuations look better in the east than west
European markets plummet as bank taps ECB dollar swap line
European Central Bank extends $500 million loan to unknown bank as equity markets move lower on concerns over health of banking sector
New dawn of cooperation in Cyprus
Relationship between finance ministry and central bank set to be much closer after government reshuffle; working together to consolidate fiscal situation in Cyprus
Financing constraints reduces productivity growth: IMF paper
Fund study finds tighter credit conditions have a negative effect on factor productivity
European ABS purchases pushed yield curve lower: Fed paper
Federal Reserve study says European acquisitions of asset-backed securities contributed to decline in US bond yields pre-crisis
New policy approaches should ‘stimulate’ risk-taking: BoE’s Haldane
Andrew Haldane uses historical examples to show macroprudential policy, used to stimulate risk-taking, can work
RBNZ estimates economic benefits from hosting major Rugby tournament
Reserve Bank of New Zealand expects the upcoming 2011 Rugby World Cup to add 1.4% to New Zealand’s growth
Exporting raises firm productivity: Bank of Israel paper
Bank of Israel study shows that exporting firms in Israel are on average more productive than non-exporters
Iceland raises rates in light of weaker króna
Central Bank of Iceland raises interest rates by 25 basis points to curb inflationary pressures from declining króna
Treasury Committee launches inquiry into Financial Conduct Authority
UK Treasury Committee launches inquiry into accountablility of the Financial Conduct Authority; hot on the heels of a similar investigation into the Bank of England
Bank votes unanimously to hold rates
Bank of England minutes show Monetary Policy Committee members Martin Weale and Spencer Dale drop vote to raise rates due to downside risk from euro area
Swiss franc rallies as SNB shows no sign of euro peg
Swiss National Bank intensifies battle against strong Swiss franc by injecting further liquidity into markets; pass on euro-peg moves currency 1% higher
Policymakers must act together, says Lagarde
Lagarde urges policymakers to "act boldly, act together and act now" to restore confidence in the global financial market
RBI’s Mohanty on success of new monetary policy framework
Reserve Bank of India executive director Deepak Mohanty offers positive feedback on central bank’s new operating framework
Limitations of credit default swaps as predictor of default: BoC paper
Bank of Canada study says credit default swaps are unable to encompass all bank transactions when assessing default probability during crises
Soft-dollar pegs not optimal in Sub-Saharan Africa: IMF paper
Fund study says soft peg to dollar increases macroeconomic instability in Sub-Sahara African countries
BoE - Agents' Summary of Business Conditions (August 2011)
Bank of England’s August 2011 Agents' Summary of Business Conditions reports continued weakness in consumer spending